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How credit card companies are making a comeback
May 26, 2012 at 18:56 | Source: Moneycontrol.com
After the initial boom period of 2004 to 2006, the Indian credit card industry faced one of its toughest years in 2007-09. However, it seems like the tide is turning with the sector witnessing a dramatic drop in credit card defaults in the last one year.
Fitch affirms NTPC's FC IDR at 'BBB-'; outlook stable
May 24, 2012 at 12:35 | Source: Moneycontrol.com
Fitch Ratings has affirmed India-based NTPC Limited's Long-Term Foreign-Currency Issuer Default Rating (FC IDR) at 'BBB-', National Long-Term rating at 'Fitch AAA(ind)', and its National Short-term rating at 'Fitch A1+(ind)'. The Outlooks on the Long-Term ratings are Stable.
Forego currency support to avert Armageddon default: Tyche
May 21, 2012 at 15:50 | Source: CNBC-TV18
As the Euro zone reels under pressure, Martin Hennecke, Associate Director, Tyche Group believes that major Western countries are also expected to face a major sovereign debt crisis in the days ahead.
Govt initiates legal action against Kingfisher
May 09, 2012 at 15:00 | Source: Reuters
All but two major airlines in India have defaulted on paying airport charges, Civil Aviation Minister Ajit Singh said on Wednesday. IndiGo, the only profitable airline in the country, and privately-held Go Air have not defaulted on airport payments, Singh told lawmakers in a written reply.
Kingfisher talking to tenants to avoid eviction
May 04, 2012 at 11:48 | Source: PTI
The Vijaya Mallaya-promoted Kingfisher Airlines continues to hit air pockets with two real estate developers now slapping eviction notice for allegedly defaulting on rent payments since last November.
S&P raises Greek rating, lifting it out of default
May 02, 2012 at 16:12 | Source: Reuters
Standard & Poor's raised Greece's credit rating to low-speculative grade on Wednesday, lifting it out of default territory as expected, after Athens completed the biggest sovereign debt restructuring in financial history.

Videos »
Forego currency support to avert Armageddon default: Tyche
Penalty to go up once CIL ramps up production: NTPC's CMD
Pressure on asset quality of banks to intensify: CRISIL
No need to blow Spain's troubles out of whack: EU economist
'Commodities weak & bond markets strong only in DMs'
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New consent order system to cover RIL caseCases already before judges' panel only exception disposal within 6 months for fresh, pending cases
The new consent order framework announced by the Securities and Exchange Board of India (Sebi) will apply to the Reliance Industries Ltd (RIL) case and other existing ones. A senior Sebi functionary t...
May 29, 2012 at 01:31 | Source: Business Standard
Spain pressured as market weighs Bankia fallout
MADRID (MarketWatch) — Bankia SA shares recovered some of a nearly 30% drop on Monday, but stayed significantly lower as markets got the first chance to react to news of a bigger-than-expected bail...
May 28, 2012 at 21:57 | Source: Market Watch
Euro Re-Denomination Would Trigger Debt Defaults, Fitch Says
A currency re-denomination for any euro nation would lead to “multi-category” downgrades for companies and some may voluntarily decide to default, according to Fitch Ratings. While companies that ...
May 28, 2012 at 18:00 | Source: Bloomberg
Rupee slump costly for $5.5 bn in convertible bonds
MUMBAI: When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an unprec...
May 28, 2012 at 16:17 | Source: Economic Times
Here’s what the Greek exit means for the US
Uncertainty over the fate of the euro currency is already dampening US economic growth and any significant worsening of the crisis would deal a blow to a recovery that is gradually gathering steam. E...
May 28, 2012 at 16:11 | Source: FirstPost
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Greece: The upside of default
It now seems inevitable that Greece will default on its debts, with all sorts of disastrous scenarios being discussed, particularly if it has to leave the euro. But I know from my experience of working with Jubilee 2000 to "drop the debt" of poor countries ...
May 21, 2012 at 23:54 | Source: BBC News
Sovereign, Company Bond Risk Falls in Europe, Default Swaps Show
The cost of insuring against default on European sovereign and corporate debt fell, according to data compiled by Bloomberg. The Markit iTraxx SovX Western Europe Index of credit- default swaps on 15 governments fell five basis points to 309 at ...
May 28, 2012 at 07:03 | Source: Bloomberg
Default Swaps in U.S. Fall as EU Leaders Meet on Crisis
A gauge of corporate credit risk in the U.S. declined as European leaders met in Brussels to discuss ways to stem the region’s debt crisis. The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark that investors ...
May 23, 2012 at 18:00 | Source: Businessweek
Sterling Provides Default Status Update
Sterling Shoes Inc. (the "Company") provides its bi-weekly Default Status Report under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults. On May 2, 2012, the Company announced that the filings of its annual financial statements ...
May 28, 2012 at 16:29 | Source: msnbc.com
PPL default electricity rates to go up
Rates for PPL Electric Utilities' default customers will inch up next month under a filing the company submitted Friday to state regulators. The new price for residential customers will be 7.993 cents a kilowatt-hour, up from the current 6.935.
May 21, 2012 at 18:17 | Source: Allentown Morning Call
Chafee: 38 Studios is back in default
PROVIDENCE — Gov. Lincoln Chafee said today that 38 Studios is back in default with Rhode Island because the video game company violated its loan agreement by not informing state officials about yesterday’s mass layoffs in advance. The governor said ...
May 25, 2012 at 21:04 | Source: Boston Herald
Credit Default Swaps: Still Here, Still Able to Wreak Havoc
JPMorgan Chase (JPM), the country's biggest bank, is reporting a $2 billion trading loss that occurred in the space of just six weeks. The loss reportedly involved the investments in "credit default swaps" -- yes, those same complicated ...
May 11, 2012 at 18:36 | Source: Daily Finance
U.S., Canadian triathlon organizations default on disability lawsuit
For more than two years, world and national champion triathlete Aaron Scheidies, formerly of Farmington, has tried to get American and Canadian triathlon officials to dump the rule that requires him to wear “black out glasses” during ...
May 28, 2012 at 11:35 | Source: The Oakland Press
NGG Provides Default Status Update
VANCOUVER, BRITISH COLUMBIA — New Guinea Gold Corporation ("NGG" or the "Company") (TSX VENTURE:NGG)(FRANKFURT:NG8) is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for ...
May 14, 2012 at 18:18 | Source: msnbc.com
Combs: Default lets landlord end lease
Question: Our real-estate brokerage firm has been struggling for several years. We have, however, been able to make our monthly lease payments, and we want to stay in our present location on Hayden Road in Scottsdale. Last month we received a ...
May 18, 2012 at 21:27 | Source: AZCentral.com

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